MA S676

Removes the provision triggering regulatory review when a dental carrier's contribution to surplus exceeds 1.9 percent

Redefines market group size categories for reporting purposes as: individual, small groups (2-50 members), and large groups (greater than 50 members)

Eliminates Section 3(c) of Chapter 176X, removing certain existing reporting requirements for dental insurers

Establishes risk-based capital (RBC) requirements: life insurers and multi-line carriers with majority non-dental liabilities cannot exceed 700% of Company Action Level; Massachusetts-based health and dental-only carriers must follow 211 CMR 25 standards

Allows the commissioner to waive specific reporting requirements for carriers unable to provide required information, with written notice required to the Joint Committee on Health Care Financing and House and Senate Ways and Means Committees